For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $314,000 budget; $300,800 actual. In the second quarter, budgeted sales were $381,000, and actual sales were $391,000.
Prepare a static budget report for the second quarter and for the year to date.
CROIX COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2017
Second Quarter Year to Date
Product Line Budget Actual Difference Budget Actual Difference

Answer:

Management / Competitors.

Explanation:

The company's management is configured as the group of people who would be most concerned with the effectiveness of the management of the operational areas to achieve the company's success. Effective management must understand the organization as a system that must be integrated so that organizational activities flow effectively to achieve objectives and goals, in order to coordinate, control, monitor and review activities and subordinates so that the organization generates positive results in the market.

Answer:

Twitter's amended S-1 filing

Maximum estimated capital expenditures in 2013:

= $98 million

Explanation:

Twitter's capital expenditures in 2013 can be estimated by subtracting the  long-term or non-current assets of 2012 from 2013.

The 2013 long-term assets (Property and equipment, net) are worth $284,024,000

The 2012 long-term assets (Property and equipment, net) are worth  $185,574,000

The capital expenditure in 2013 =       $98,450,000

The implication is that Twitter added to (or increased) its property and equipment by $98,450,000, which represent new capital expenditures in 2013.

Twitter filed SEC Form 1-A (S-1) with the Securities and Exchange Commission (SEC) when it was seeking exemption for registration requirements for its public offerings as an "emerging growth company,"  as  it is "allowed by the federal securities laws to elect to comply with certain reduced public company reporting requirements for future filings."

Answer:

open question

Explanation:

An open question allows each respondent to interpret the final answer differently.

Answer:

b. amortization of premium on bonds payable

Explanation:

The Indirect method reconciles the Operating Income to the Operating Cash Flow by adjusting the Operating Income for (1) Non-Cash Items previously added or deducted from the Operating Income and (2) Changes in working capital items.

Answer:

The correct answer is the option C: The household demand for labor equals the industry supply of labor

Explanation:

To begin with, when it comes to the microeconomics theory the market of labor is considered to be as a factor of production market and from that point of view the labor is demanded by the companies to the households who are the ones who offered the labor due to the fact that the workers are the one who put their force to disposition of the companies. And that is why that it would be inconsistent to say that the household demand for labor will equals the industry supply of labor, because it is all the way around, the household supply of labor will equals the industry demand of it.

Answer: profitability

Explanation: The internal rate of return method differs from the net present value method in that it results in finding the profitability of the potential investment.

In capital budgeting which is the process by which companies determine whether a new investment or expansion opportunity is worthwhile and if undertaken, could either yield net profits or losses for the company, both the net present value (NPV) (present value of cash inflows minus the present value of cash outflows over a given period time) and the internal rate of return (IRR) methods are employed.

How does the IRR method determine profitability? - This it does by using a percentage value rather than a dollar amount and therefore is advantageous in representing the possible returns of investments by comparing it with other alternative investments.

Answer: B.  $1,050  more than expected.

Explanation:

The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.

Estimated revenue was;

= 30 * 30 * 3

= $2,700

However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.

Number of customers = 30 + 20

= 50 customers

Actual revenue

= 50 * 30 * 2.5

= $3,750

Difference is;

= 3,750 - 2,700

= $1,050 more

Answer: d. All of these

Explanation:

Objectives are very important in ensuring that a company achieves that which it wants to achieve. With an objective in mind, the company is able to set deadlines that it can work towards to enable it achieve performance results. Without objectives, there would be no aim in sight to work towards which means that performance cannot truly be measured.

Objectives also help turn a company's strategic vision into actual performable targets which will enable the company achieve its long term goals by breaking the activities into doable segments.

Finally with an objective in mind, employees will be spurred towards it which will enable them to try to perform at full potential and deliver the best results so that they may reach the objectives set.

Answer:

suggests that organizations need to engineer the situation to fit the leader's preferred style.

Explanation:

Fiedler is of the view that a person's leadership style is a product of experiences throughout their lifetime. So it is difficult to change it.

He suggested that instead of teaching a particular leadership style and forcing people to align with them, it is better to adjust the situation to an individual's leadership style.

The weakness of this is that the leader may be more effective in a particular situation and weak in another one

Answer:

stock price

earning per share

dividends per share

Explanation:

A stock split is when a company increases the number of its shares outstanding.

for example if a company has 4 million shares outstanding at a price of $20, earning per share is $1 and dividend per share is $0.50. this company announces a 2 for 1 split :

the number of outstanding shares becomes 2 x 4 million = 8 million

stock price becomes = $40 / 2 =$20

earning per share = $1 / 2 = $0.50

dividend per share = $0.5 / 2 = $0.25

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

Answer:

a. ROI = income / Assets      

                                      Book Value       Current Value    

Software Division              0.175              0.13    

Consulting Division           0.164              0.182    

Venture Capital Division   0.093            0.088

Workings:

i. Book value

Software Division = 12,250/70,000=0.175

Consulting Division = 16,400/100,000=0.164  

Venture Capital Division = 56,730/610,000 =0.093

ii. Current value

Software Division = 11,700/90,000=0.13

Consulting Division = 20,020/110,000=0.182

Venture Capital Division= 51,920/ 590,000=0.088

b. Residual income = Income - {Asset x Return on capital 12% }

                                      Book Value       Current Value    

Software Division              3850              900    

Consulting Division           4400              6820    

Venture Capital Division   -16470           -18880

Workings:

i. Book value

Software Division = 12,250-(70,000*12%)=3850

Consulting Division = 16,400-(100,000*12%)=4400  

Venture Capital Division = 56,730-(610,000*12%) =-16470

ii. Current value

Software Division = 11,700-(90,000*12%)=900

Consulting Division = 20,020-(110,000*12%)=6820

Venture Capital Division= 51,920-(590,000*12%)=-18880

c. Economic Value Added ( EVA ) = Net Income After Tax - ( Amount of Capital x Weighted Average Cost of Capital [WACC] )

C.                     Software Division  

                            (Value Base)  

                                    Book            Current

Sales                           100,000          100,000

Income                          12,250           11,700

Assets                           70,000          90,000

Liabilities                      10,000           10,000

Capital invested           60,000          80,000

(Asset - Liabilities)

Tax on Income(30%)     3675            3510

Income after Tax            8,575           8,190

(Income - Tax on

income) (A)

Capital invested             6,000           8,000

* WACC - 10% ) (B)

EVA (C)=(A)-(B)                2,575            190

                       Consulting Division

                            (Value Base)

                                     Book            Current

Sales                         200,000        200,000

Income                        16,400           20,020

Assets                         100,000        110,000

Liabilities                      14,000         14,000

Capital invested           86,000       96,000

(Asset - Liabilities)

Tax on Income(30%)     4920            6006

Income after Tax           11,480           14,014

(Income - Tax on

income) (A)

Capital invested           8,600            9,600

* WACC - 10% ) (B)

EVA (C)=(A)-(B)              2,880            4,414

                     Venture Capital Division

                           (Value Base)

                                   Book            Current

Sales                        800,000       800,000

Income                      56,730          51,920

Assets                       610,000        590,000

Liabilities                    40,000         40,000

Capital invested        570,000        550,000

(Asset - Liabilities)

Tax on Income(30%)    17019          15576

Income after Tax          39,711         36,344

(Income - Tax on

income) (A)

Capital invested           57,000       55,000

* WACC - 10% ) (B)

EVA (C)=(A)-(B)              -17,289       -18,656

Answer:

Standard Overhead rate is $1.25 per Direct labor hours

Explanation:

Total variable cost (2000 unit * $2.50) =    $5,000

Total fixed cost                                       =    $5,000

Estimated Overhead cost                     =     $10,000

Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours

Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour

Standard Overhead rate = $10,000 / 8,000 hours

Standard Overhead rate = $1.25 per Direct labor hours

Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

what I want to buy would be purchased at $50

at market exchange rate:

0.25 x 100 = $25

products bought from this place are not a good deal as I am paying more than the market exchange rate.

2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.

4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.

5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.

Answer:

i) Investor should buy a call option as expected spot price on SGD after 90 days is 0.7 which less than the strike price 0.65 under call option.

II) Break-even price on option selected

Strike price under call option   0.65000

Add : Premium                            0.00046

Break even price                       0.65046

iii)  Actual spot rate after 90 days            0.70000

Less: Strike price under call option        0.65000

Gross profit                                               0.05000

Less: Call option premium                       0.00046

Net profit                                                  0.04954

iv)  Actual spot rate after 90 days          0.80000

Less: Strike price under call option       0.65000

Gross profit                                             0.15000

Less: Call option premium                      0.00046

Net Profit                                                 0.14954

Answer:

Sometimes following a disaster, a boil water alert is issued for areas connected to mains scheme water because the mains water may be unsafe to drink or cook with.

If a boil water alert has been issued, it is essential you follow this warning to prevent illness.

To prepare water for drinking and food preparation, you should heat the water to a rolling boil for at least 1 minute using a stove or kettle and then allow it to cool. This will help to kill any bacteria.

Be sure to keep children clear from any boiling water until the water has cooled down to room temperature.

Once it has cooled it should be placed in the fridge in a clean container with a lid.

Under no circumstances should you drink or cook with water that has not been boiled until the alert is lifted.

Alternatively you can use bottled water.

HOPE THIS HELPS !

PLEASE MARK IT BRAINLIEST!!

Answer:

The value of the firm is $1,773,333

Explanation:

Calculation of Value of each share

Amount borrowed (A)                    $245,000

No. of shares repurchased (B)         21,000  

Value for each share (C)                $11.67  

No. of shares outstanding after repurchase(A)    131,000

(152,000 - 21,000)

Value for each share(B)                                           $11.67  

Equity value after repurchase(A*B)                     $1,528,333

Add: Amount borrowed                                        $245,000

Firm value after this transaction                      $1,773,333

Answer:

C) One worker can easily sabotage the productivity of other workers.

Explanation:

This is a form of compensation by merit that comprises the performance of a team as a whole, so this is a way of motivating both group work and individual work.

In the scenario above, we can see that this compensation plan would be effective in leveraging the performance of individual workers, and of teams, because if each member of the team is more productive, it will benefit the team as a whole. And this method will not affect the productivity of other teams, as each team will be encouraged and engaged to do the best job possible to achieve merit pay.

The alternative that does not correspond to the question that this incentive may be better than other methods to motivate workers to work harder, is the one that says that a worker can sabotage the productivity of other workers, as that worker is also likely to be engaged in not sabotaging the work of other team members, as the remuneration bonuses depend on the effort of the entire team to work together, and not just one employee.

Answer: False

Explanation:

If you want to hedge the risk of owning the stock then that would mean that you want to take measures to ensure that you don't lose out if prices fall.

A call option is not the way to do this because call options are bought with the expectations that prices will go up. If you buy call options then and the prices fall, you would make a loss on both the call options and the stock that you own.

A good way to hedge this would be to take Put options on the stock. Put options help you benefit if prices fall because you would be allowed to sell at a certain price unaffected by the fall in prices.

Answer:

The average rate of return of this investment is 8%.

Note: Based on the information provided in the question, the average rate of return of this investment is 8% but it is not included in the option. Kindly confirm this from your teacher.

Explanation:

Note: The data in the question are merged and they therefore first sorted before answering the question as follows:

Year         Income from Operations             Net Cash Flow

  1                          $100,000                               $180,000

  2                             40,000                                 120,000

  3                             40,000                                 100,000

  4                              10,000                                  90,000

  5                              10,000                                 120,000

The explanations to the answer is now given as follows:

Calculation of the average rate of return for this investment

Average rate of return (ARR) is a financial ratio that is used to determine the rate of return that is expected from an asset over its lifetime. ARR is calculated as the total income from the assets divided by the initial investment on the assets.

The average rate of return for this investment can be calculated as follows:

Total income form operations over five years = $100,000 + $40,000 + $40,000 $ $10,000 + $10,000 = $200,000

Average income = Total income form operations over five years / Number of years = $200,000 / 5 = $40,000

Average rate of return for this investment = Average income / Cost of Machine = $40,000 / $490,000 = 0.08, or 8%

Therefore, the average rate of return is 8%.

Answer:

The restaurant should:

decrease its marginal cost in order to maintain the marginal profit and ensure that the marginal cost is not more than the average cost.

Explanation:

Company A's marginal cost represents the incremental costs incurred when the company produces an additional unit of its good or service.  This company's marginal cost is calculated by dividing the total change in the cost of producing more goods by the change in the number of goods produced.  For example, if the cost of production increases by $120 when additional 10 units of goods are produced, then the marginal cost = $12 ($120/10).

Answer:

a)

                               Blue-ray discs       Blue-ray discs         Differential

                               and DVD discs      only                          amount

Sales Revenue           $432,000             $305,000             $127,000

Variable Costs           ($246,000)           ($150,000)            ($96,000)

Contribution M.           $186,000              $155,000              $31,000

Fixed Costs:

Operating Income         ($9000)              ($40,000)             $31,000

b) Will dropping DVDs add $41,000 to the operating income?

No, dropping the DVDs product line will decrease operating income by $31,000, resulting in a total loss of $40,000. Even though the DVDs product line by itself is not profitable, it absorbs a large percentage of the fixed costs and if you get rid of it, all the fixed costs will be absorbed by the Blue-rays product line.

Answer:

C. 40%

Explanation:

Answer:

Nov 10,

DR Accounts Receivable .........................$8,000

CR Sales ......................................................................$8,000

(To record credit sale)

Explanation:

On the day that Flores Mills sold the carpet, they are to record this as a credit sales as cash was not paid. The correct entry would be to debit Accounts receivable and credit Sales.

The discount will only be applied if/when the customer settles the account.

Answer:

$125,026

Explanation:

Common Shares                                      3,600

Fair value                                                  $20

Total market value of common stock    $72,000

Preferred shares                                        5,600

Fair value                                                   $20

Total market value of preferred stock     $112,000

Lump Sum amount                                    $205,400

Amount of proceeds should be allocated to the preferred stock = 205,400 * (112,000 / (72,000 + 112,000) ) = $125,026

Answer:

a. the earnings per share  is $2.28

b. the price-earnings ratio is 5.96 times

c. the dividends per share  is $0.25

d. the dividend yield is 1.84%

Explanation:

a. the earnings per share

Earning per share is the net earning of the company against each outstanding share.

Earning per share = Net Income / Numbers of Outstanding shares

Earning per share = $502,000 / ($5,500,000/$25)

Earning per share = $502,000 / 220,000 = $2.28

b. the price-earnings ratio

Price earning ratio determines the impact of net income on market value of the share.

Price earning Ratio = Market Pice of stock / Earning per share

Price earning Ratio = $13.60 / $2.28

Price earning Ratio = 5.96

c. the dividends per share

Dividend per share is the value of dividend paid to each outstanding common share.

Dividend per share = Dividend declared / Numbers of outstanding shares

Dividend per share = $55,000 / 220,000 shares

Dividend per share = $0.25 per share

d. the dividend yield.

Dividend yield is the ratio of dividend per share and Market price per share.

Dividend Yield = Dividend Per share / Market price per share

Dividend Yield = $0.25 / $13.60 = 0.0184 = 1.84%

Answer:

Yield to Maturity = 11.58 %  

Explanation:

The Yield to maturity is the discount rate that equates then price of the bonds to the present of cash inflows expected from the bond  

The yield on the bond can be determined as follows using the formula below:  

YTM = C + F-P/n) ÷ 1/2 (F+P)  

YTM-Yield to maturity-  

C- annual coupon  

F- Face Value  

P- Current Price  

n- years to maturity

YTM-?, C- 10%× 1000 =100, Face Value - 1000, P-900, n- 10

YTM = (100 + (1000-900)/10) ÷ ( 1/2× (1000 + 900) )  

YTM = 0.1158  × 100 = 11.58 %

Yield to Maturity = 11.58 %  

Answer:

a borrowing portfolio.

Explanation:

A borrowing portfolio is a portfolio to the right of the market portfolio. It is on the right half of the line. It shows that an investor can purchase the market portfolio and still borrow money so as to purchase more.

CML is known as the the capital market line. It shows the most advantageous portfolios that are a combination of risk and return.

Answer:

a borrowing portfolio.

Explanation:

A borrowing portfolio is a portfolio to the right of the market portfolio. It is on the right half of the line. It shows that an investor can purchase the market portfolio and still borrow money so as to purchase more.

CML is known as the the capital market line. It shows the most advantageous portfolios that are a combination of risk and return.

Explanation:

Answer:

Amount paid for goodwill is $24,900

Explanation:

Note: The data in the question are merged and they first sorted before answering the question as follows:

                                                          Book Value            Fair Value

Current assets                                     $ 28,700               $ 22,300

Property, plant, and equipment             47,800                 52,600

Other assets                                             3,500                    5,800

Current liabilities                                      15,100                  14,900

Long-term liabilities                                 29,000                21,400

The explanation of the answer to the question are now provided as follows:

Generally, goodwill refers to an intangible asset of a company and it can be in different for such as intellectual property, brand, commercial secrets, and reputation.

Amount paid for goodwill of an acquired company can be estimated by deducting the fair value of  net identifiable assets acquired from the consideration paid.

For this question, fair value of net identifiable assets can be calculated as follows:

Particular                                                  Fair Value ($)  

Current assets                                               22,300

Property, plant, and equipment                   52,600

Other assets                                                    5,800

Current liabilities                                          (14,900)

Long-term liabilities                                      (21,400)  

Fair value of net asset                                44,400    

Therefore, we have:

Amount paid for goodwill = Cash consideration paid - Fair value of net asset =  $69,300 - $44,400 = $24,900

Answer:

true

Explanation: